Chainalysis: Ethereum Reorg Triggers THORChain Emergency Pause, Delaying Laundering of Binance Hack Funds
Blockchain analytics firm Chainalysis said an Ethereum chain reorganization on the morning of…
Chainalysis: Ethereum Reorg Triggers THORChain Emergency Pause, Delaying Laundering of Binance Hack Funds
Blockchain analytics firm Chainalysis said an Ethereum chain reorganization on the morning of October 31 (EDT) caused THORChain to mistakenly issue a double refund to a user who had deposited 10 ETH, triggering an emergency pause. The pause blocked cross-chain swaps through most of THORChain’s bridges for all users, including North Korean money launderers, inadvertently delaying the laundering of a significant amount of funds stolen from Binance.
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Brazilian crypto exchange Mercado Bitcoin said approximately $38 million in assets were involved in the security incident. Working with Tether, Circle, Paxos, BRL1, and Chainalysis, the exchange has blocked approximately $11 million and identified additional assets that may be el
Binance 24H Net Outflows Fall to $3.29B From Earlier $7B Peak According to DeFiLlama, Binance recorded about $3.29 billion in net outflows over the past 24 hours, down more than 50% from an earlier intraday peak of roughly $7 billion. DeFiLlama currently tracks about $127.78 bill
